E-L Financial (TSE:ELF) Hits New 1-Year High – What’s Next?

E-L Financial Co. Limited (TSE:ELF) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$1,555.00 and last traded at C$1,555.00, with a volume of 1185 shares changing hands. The stock had previously closed at C$1,490.00.

E-L Financial Stock Performance

The company’s 50 day simple moving average is C$1,402.14 and its 200 day simple moving average is C$1,371.05. The stock has a market cap of C$5.38 billion, a price-to-earnings ratio of 2.92 and a beta of 0.85.

E-L Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were given a $3.75 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $15.00 dividend on an annualized basis and a yield of 0.96%. E-L Financial’s dividend payout ratio (DPR) is 2.81%.

About E-L Financial

E-L Financial Corp Ltd operates as an investment and insurance holding company. The firm organizes itself into two segments namely E-L Corporate and Empire Life. The Empire Life operating segment underwrites life and health insurance policies and provides segregated funds, mutual funds, and annuity products whereas, the E-L Corporate segment operations include the oversight of investments in global equities held through holdings of common shares, investment funds, closed-end investment companies, and other private companies.